25 trillion dollar deficet? You do realize that the deficet is just the interest that accumulates each year?

Question

on the debt we owe? Clinton wiped out the deficet for 3 years in a row during his preidency. Has Bush screwed us up that bad already during the 6 years he's been in office? He's gonna bankrupt America. Have you noticed how he likes to use electronic money so much also? I think it's all part of government control myself. If you use electronic money you can follow what individual citizens spend there money on. The next thing you know he's gonna want us all to put chips in our hand so the goverment can track our every movement. Kind of scary if you ask me. Ever read Revelations?

Answer 1

You ask a good question. Now I believe you know there is not enough if any gold in fort Knox to back up our money.

Why does one think money means anything. One may play games with it all day.

You are correct in many things you have said; but I wonder why most people think that the United States of America is not in prophecy (prediction) of what is to happen about us? I have read Revelations many times and the more one reads it the more one realizes > WHAT? Watch and Pray. 1+1+1=1

Answer 2

The government has been borrowing the Social Security surplus and spending it on general government programs for several years. The net effect has been to disguise the true size of budget deficits in past years. For example, in fiscal year 1995, the government experienced a $226.4 billion deficit in its operating budget. However, since the Social Security Trust Fund had a surplus of $62.4 billion that year, the government simply borrowed the Social Security surplus and spent it as part of it general operating budget. The $62.4 billion Social Security surplus was deducted from the $226.4 billion deficit and the government reported an official deficit of only $164 billion.
In 1997, since there was a surplus in the Social Security Trust Fund of $81.4 billion, the actual $103.4 billion on-budget deficit was reduced by that amount and the government reported a total deficit of only $22.0 billion. It was in 1998 that the American people first had the wool pulled over their eyes on a grand scale. In that year, the operating budget of the federal government was still in the red with an actual deficit of $30 billion. It was the $99.2 billion surplus in the Social Security Trust Fund that enabled the government to report a budget surplus of $69.2 billion. During a year in which the United States Government spent $30 billion more than it collected in general revenue, it announced that there was a $69.2 billion overall surplus!


From that point on, the American people seemed to believe that there truly was excess money in the federal budget, and cunning politicians began building schemes to further mislead the people into believing that money was available for new programs and/or for cutting taxes. Any reader who has doubts about whether the government had a deficit or surplus in 1998 need only check out the size of the national debt in 1997 and 1998. The United States Treasury Department maintains a web site on the internet that provides public debt figures updated on a daily basis.
The total debt at the end of 1997 was $5,369.7 billion ($5.37 trillion). By the end of 1998, the debt had risen to $5,478.7 billion ($5.48 trillion). How could the national debt rise by $109 billion if the government had a $69.2 billion surplus? It couldn’t. The United States Government had to borrow $30 billion to pay the on-budget deficit. In addition, since the Social Security Surplus was all invested in United States Treasury securities as required by law, the governments debt to the Social Security fund also went up.

Answer 3

at the starting up the U. S. authorities has an person-friendly funds of ~2 trillion each and every 12 months so no, we are no longer sending trillions in line with 12 months in help. 2d, if the U. S. "debt bubble" bursts we can carry down fairly some the better international with us because we signify quite somewhat 1 / 4 of the international monetary gadget, compared to Greece who became lower than mexico GDP-smart as of 2008. and they reason we do not deliver Canada help is because fairly some united statesa. has an irrational worry of socialism, evidenced by the tea get mutually. BTW the purely reason we help Israel is because they are our brainchild that we gained't admit became a foul idea, and they are our purely best pal in a area the position we've 2 ongoing wars.

Answer 4

so what, start taxing cigarettes 5.00 a carton
do the math
the national debt will be paid of in a year!

Another good way to lower the bed
is to get rid of welfare
send prisoners to Antartica
Put prayer back in schools, then kids would not become so evil
Tax booze 20%
Tax bars 20%
bring manufacturing back to the USA
stop importing from China
Stop racking all your credit cards up and go Bankurupt

more to come

Answer 5

If Clinton "wiped out the debt 3 years in a row", (which is complete bullcrap - we've NEVER had a NON defecit) then why didn't he just have to do it once?

Clinton also enjoyed a prosperous time in America. I don't give him any more credit for that, then I do Bush spending in a time of war.

I paid for a pizza, with cash, just this evening. Electronic money isn't taking over, at least not at the onset of the Bush Administration.

Answer 6

I think the plan is to replace government with corporate rule and economic royalist.

Answer 7

Not for nothing but Bush ****** this country up. I dont even really follow politics and even I can see it plain as day.

Answer 8

Do you have a credit card and how much do you yourself owe.
Are you working hard to pay it off or do you keep adding to it little by little.

Answer 9

REPUBS ARE RUNNINGS HOME---
LEAVING BUDGET FOR DEMO'S TO FIX.

WHY? THEY SCREWED IT UP ROYAL>
BUSH BURNED SENIORS OM MEDICARE.
SCREWED AMERICA ON IRAQ WAR.
AND REPUBS RAN FOR COVER ON OVER SPENDING...

DEMO'S NEEDS TO SLAP TAXES ON THESE COMPANIES
TILL THEY SQUEAK AND RECOVER THIS BLOOD MONEY.